240
240
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 240
favorite 0
quote 0
obama and house speaker john boehner hit a wall. it the deal extend the bush tax cuts for families making less than $250,000 a year. there are no spending cuts in this deal. the democrats said they already agreed to cuts in last year's debt ceiling hike. but republicans will go ballistic over no spending cuts. there is one year of extended unemployment benefits in this deal. that was a red line for some democrats who say it's good for the country and fair for the many people who still can't find work. it doesn't raise enough revenue or cut spending enough to stop the sequestration. in the words of the critics they will have to kick the can down the road. this will be a hard sell for republicans who say the country has a spending problem, not a revenue problem. president obama is hoping the midnight deadline puts pressure on them. >> date appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we are hopeful that congress can get it done. but it's n
obama and house speaker john boehner hit a wall. it the deal extend the bush tax cuts for families making less than $250,000 a year. there are no spending cuts in this deal. the democrats said they already agreed to cuts in last year's debt ceiling hike. but republicans will go ballistic over no spending cuts. there is one year of extended unemployment benefits in this deal. that was a red line for some democrats who say it's good for the country and fair for the many people who still can't...
346
346
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 346
favorite 0
quote 0
john boehner was unable to pass his plan b debt reduction bill and they decided to go in another way. boehner said let's see what the senate can do. we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's why we will go over the fiscal cliff. >> great to have you here today. i know the clock is ticking. i know you're watching it closely. thank you so much for joining us. >> thank you. gregg. jon: a new report on the terror attack on our consulate in libya. who they are blaming for the deaths of four americans including our ambassador. a french court says goodbye to that country's controversial 75% tax rate on the wealthy. don't you wish you were living in france? what that means for the socialist government of that country as it vows to continue squeezing the rich. new prilosec otc wildberry is t
john boehner was unable to pass his plan b debt reduction bill and they decided to go in another way. boehner said let's see what the senate can do. we saw senator reid and mitch mcconnell try to get a deal, that failed. now mcconnell and biden who have a very good relationship. they worked on extending the tax breaks in 2010 they are trying it. the clock is ticking. the public is going to have to read this bill and members will demand that they read this bill before they vote on it and that's...
284
284
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 284
favorite 0
quote 0
they essentially took the lead in these talks whether the president and speaker john boehner couldn't cut a deal. mccan nell says he wants to reach agreement. and california senator dianne feinstein says failure is not an option. >> the danger to our people, to our military, to our nation's security. to our economic base is just too great not to have a solution. so, you know, what makes this government work is compromise. when you don't compromise there is stasis. we have had enough of that for too long. >> reporter: the president says if biden and mcconnell can't cut a deal the senate will vote on extending tax cuts for families making less than $250,000 a year and basically force republicans to go the politically risky route voting against it, gregg. gregg: essentially that means taxes are definitely going to go up? >> reporter: it seems the only question is the income cuttoff. now vice president biden is said to be about 100,000 a year apart. biden is willing to preserve tax cuts for families making up to $450,000. mcconnell holding out for $550,000. a year. south carolina senator
they essentially took the lead in these talks whether the president and speaker john boehner couldn't cut a deal. mccan nell says he wants to reach agreement. and california senator dianne feinstein says failure is not an option. >> the danger to our people, to our military, to our nation's security. to our economic base is just too great not to have a solution. so, you know, what makes this government work is compromise. when you don't compromise there is stasis. we have had enough of...
1,013
1.0K
Dec 31, 2012
12/12
by
WBAL
tv
eye 1,013
favorite 0
quote 0
i don't know if john boehner and mitch mcconnell are in sync on believing that the tax issue should completely be taken off the table. if there's no deal today, they'll cut taxes in three days when there's a new congress. >> focusing back on the senate, how important is vice president biden? >> the only person with any sort of warm relationship with mitch mcconnell is joe biden. the president doesn't have one. harry reid and mitch mcconnell do have one, it's on again, off again, but it can deteriorate quickly as we saw yesterday. biden is important. if there's anybody with a personal relationship in the white house -- if you can fault the white house for one big thing, it's the lack of developing a personal relationship with mitch mcconnell, between the president and him. there is one between joe biden and him. >> chuck todd, thanks. >> you got it. >>> let's get to the morning's other top stories. andrea canning is in for natalie at the news desk. good morning. >> good morning. and happy almost new year's to you. and happy new year's to you at home. authorities are hoping to speak with a serio
i don't know if john boehner and mitch mcconnell are in sync on believing that the tax issue should completely be taken off the table. if there's no deal today, they'll cut taxes in three days when there's a new congress. >> focusing back on the senate, how important is vice president biden? >> the only person with any sort of warm relationship with mitch mcconnell is joe biden. the president doesn't have one. harry reid and mitch mcconnell do have one, it's on again, off again, but...
298
298
Dec 31, 2012
12/12
by
CNNW
tv
eye 298
favorite 0
quote 0
keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved here in the next few hours. >> too bad we only found out about this, you know, yesterday or the day before. 517 days they've had to work out the details and now we're talking about them all. brianna, we'll be busy today and may be ringing in the new year together. brianna keilar in washington. >>> a ball dropping in washington, a ball dropping in times square it looks like we'll go off the fiscal cliff. here's what it means to you. your paycheck will shrink. the payroll tax holiday is likely going away, for someone making $50,000 a year, it means $80 out of your payc
keeping the speaker of the house john boehner abreast of what's going on. keeping harry reid abreast of what's going on and keeping president obama abreast of what's going on. we heard from senator reid yesterday that they are very far apart. not just talking on the threshold, initially president obama said $250 mi,000. there is talk to bumping that to $400,000. republicans want to know how we pay for it. there are farm subsidies, the doc fix. and spending cuts. so there is a lot to be resolved...